Jasper, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jasper, IN Housing Market Trends

With 15,724 people, 6,608 houses or apartments, and a median cost of homes of $173,301, Jasper real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Jasper, accounting for 73.08% of the city's housing units. Other types of housing that are prevalent in Jasper include large apartment complexes or high rise apartments ( 14.23%), duplexes, homes converted to apartments or other small apartment buildings ( 10.31%), and a few row houses and other attached homes ( 1.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jasper. Owner-occupied housing accounts for 69.09% of Jasper's homes, and 66.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jasper built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Jasper built between 1940-1969 ( 24.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.62%). There's also some housing in Jasper built before 1939 ( 10.96%).

Jasper Home Appreciation Rates

Real estate appreciation rates in Jasper's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.55% during the period.

NeighborhoodScout's data show that during the latest twelve months, Jasper's appreciation rate, at 6.11%, has been at or slightly above the national average. In the latest quarter, Jasper's appreciation rate has been 2.25%, which annualizes to a rate of 9.33%.

Relative to Indiana, our data show that Jasper's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$173,301

Jasper, IN HOME PRICES

> $1,154,000
0.0%
0.0%
$865,001 - $1,154,000
0.5%
0.5%
$577,001 - $865,000
1.7%
1.7%
$462,001 - $577,000
2.3%
2.3%
$346,001 - $462,000
9.7%
9.7%
$231,001 - $346,000
15.2%
15.2%
$115,001 - $231,000
46.7%
46.7%
$58,001 - $115,000
20.9%
20.9%
$0 - $58,000
2.9%
2.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for IN

Value Relative To Nation

Number Of Homes And Apartments:
6,608

Jasper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
53.03% 2.05%
7
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$862 / per month

Homeownership Rate

Owners
69.1%
69.1%
Renters
30.9%
30.9%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.6%
15.6%
1970 - 1999
49.2%
49.2%
1940 - 1969
24.2%
24.2%
1939 or Older
11.0%
11.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.1%
73.1%
Townhomes
1.6%
1.6%
Small Apt. Buildings
10.3%
10.3%
Apt. Complexes
14.2%
14.2%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
8.0%
8.0%
2 Bedrooms
21.6%
21.6%
3 Bedrooms
52.6%
52.6%
4 Bedrooms
13.4%
13.4%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES